New Hampshire’s Personal Current Transfer Receipts

Between 2008 and 2009, New Hampshire’s Personal Current Transfer Receipts (PCTR), which consists of Social Security, Medicare, Medicaid, etc., grew by $927 million to $8.3 billion from $7.4 Billion.  As shown in the first chart below, over the last ten years, PCTR has nearly doubled from $4.2 billion in 2000.

Overall, growth in New Hampshire’s PCTR is in-line with the national average.  The one area that is higher than the national average is in Medicare at 144 percent over the last ten years versus the national average of 128 percent.  Fortunately, New Hampshire has kept a lid on Medicaid spending growing at 63 percent over the last ten years versus the national average of 87 percent.

In contrast, Maine’s Medicaid spending has soared 115 percent.  At the end of the day, that makes a big difference to the state’s bottom line.  Maine state government, in 2009, spent twice as much on Medicaid than New Hampshire–$2.6 billion versus $1.4 billion.

To see what’s going on nationally, see here.